To
NASDAQ OMX Copenhagen
Executive Board
Parallelvej 17
DK-2800 Kgs. Lyngby
www.rd.dk
Telephone +45 7012 5300
17 November 2010
Company Announcement number 77/2010 - 17 November 2010
Final amount of bonds to be put on auction
Realkredit Danmark hereby announces the final amount of Mortgage Covered Bonds
(SDRO) to be put on auction for the refinancing of FlexLån® in series 10S and
10Q.
Efforts are made to hold the auction in equal portions over each trading day
the bonds are put on auction. The auction starts Thursday, 25 November, and
will end Wednesday, 8 December 2010.
The final amount in DKK (m.) to be auctioned
ISIN DKK 10S
7 December 2010 25 November-8 December 2010* 25 November-8 De-cember per day
(aim)**
DK0009281438 2012 123,950 12,395
DK0009281511 2013 2,175
DK0009281784 2014 13,770 1,377
DK0009281867 2015 1,048
DK0009276867 2016 10,820 1,082
*Total amount
**Amount per day
The final amount in EUR (m.) to be auctioned
ISIN EUR 10Q
8 December 2010 25 November-8 December 2010* 25 November-8 De-cember per day
(aim)**
LU0395671133 2012 - 4,270 427
LU0395671489 2013 22 - -
LU0395671646 2014 112 - -
LU0395672024 2015 9 - -
LU0395694267 2016 70 - -
*Total amount
**Amount per day
The exact terms and conditions of the auctions are set out in the appendices to
this announcement.
The Executive Board
Any additional questions should be addressed to Senior Dealer Søren Gravgaard,
phone +45 45 13 20 19.
Terms and conditions of Realkredit Danmark's auction to be held from
25 November to 8 December 2010
Auction:
The auction will take place at NASDAQ OMX Copenhagen's mortgage-issuing
sub-market.
The Dutch auction principle and hidden call method will be used.
Hidden call means that the bidders can only see their own bids, whereas the
issuer can see all bids.
Allocation:
Under the Dutch auction principle, all bids above the cut-off prices will be
settled in full at the cut-off prices.
For bids at the exact cut-off price, proportional allocation may be used. All
bids below the cut-off prices will not be settled.
Decimal points:
Investors may place their bids at prices with up to three decimal places for
1-year bonds maturing in 2012 in both the 10S and 10Q series.
For the rest of the ISIN codes offered, bids may contain only two decimal
places.
Bonds:
Realkredit Danmark will put mortgage covered bonds in series 10S and 10Q,
maturing from 2012 to 2016 on the auction.
Bids/settlement:
The auction will be held with three cut off periods 11.00am, 12.30pm and
1.30pm.
The IPMO is set to 10 minutes.
The following mortgage covered bonds will be offered:
Date Cut off period Settlement DKK
10S
Final total amount DKK m.* EUR
10Q
Final total amount EUR m.*
25 November 2010-
8 December 2010 11.00am 11.10am 2012 123,950 2012 4,270
12.30pm 12.40pm 2014 13,770 -
2016 10,820
7 December 2010 1.30pm 1.40pm 2013 2,175
2015 1,048 -
8 December 2010
1.30pm 1.40pm - 2013 22
- 2014 112
- 2015 9
- 2016 70
*Maximum amount to be auctioned.
Value date:
3 January 2011.
Participants:
Bids will be accepted from all members with access to NASDAQ OMX Copenhagen's
mortgage-issuing sub-market.
Technical break down:
In the case where it is not possible to carry through a auction by NASDAQ OMX
Copenhagen's mortgage-issuing sub-market the auction will be postponed.
Realkredit Danmark will inform about this through a company announcement.
Other conditions:
1. Realkredit Danmark is not under any obligation to sell the entire amount
announced at the auctions.
2. On each auction day, Realkredit Danmark will not trade in the ISIN code or
codes
offered on the auction at the specific auction day prior to the announcement
the
results of the auction.
